Samsung Group

Samsung soars, sidestepping jailing of chief, Note 7 fiasco

No leader and scorched Note 7 smartphones? No problem.

After a tumultuous year of surreal corruption scandals involving exotic horses and the jailed billionaire scion and one of the most embarrassing recalls in the consumer electronics history, Samsung stunned investors with another improbable record: the South Korean tech giant may have earned more than Apple and ended Intel's quarter century dominance in the semiconductor industry.

Seemingly invincible Samsung Electronics appears set to log record annual profit this year as exploding use of data in mobile devices and the "memory supercycle" help it surmount the jailing of its de facto leader and sidestep losses...